Job Description

Associate Should Costing Engineer

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GEA is one of the largest suppliers for the food and beverage processing industry and a wide range of other process industries. Approximately 18,000 employees in more than 60 countries contribute significantly to GEA's success - come and join them! We offer interesting and challenging tasks, a positive working environment in international teams and opportunities for personal development and growth in a global company.



Why join GEA

Job information

Reference Number

JR-0034935

Job function

Engineering

Position type

Full time

Site

6&6P, Bommasandra, Industrial Area, Hebbagodi, Hosur Road, Bengaluru- 560099 Karnataka


Associate Should Costing Engineer
Your responsibilities and tasks:
The Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.


1. Should Cost Analysis

Develop and maintain should-cost models for components, assemblies, and systems. Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads. Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.

2. Support for Supplier Negotiations

Identify cost drivers and cost-saving opportunities in supplier quotations. Provide detailed cost breakdowns to support procurement in negotiation strategies. Participate as a technical cost expert in supplier discussions, when required.

3. Cost Transparency & Reporting

Compare supplier prices and actual costs with internal target costs. Highlight deviations and conduct root cause analysis for cost variances. Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.

4. Cross-Functional Collaboration

Collaborate closely with Procurement, Engineering, Production, and Controlling teams. Support decisions related to supplier selection, make-or-buy analysis, and technology choices. Act as an internal consultant on cost-related topics.

5. Data Management

Develop and maintain a centralized cost database for reference and future use. Ensure consistent documentation of calculation methods, assumptions, and results. Provide regular cost reporting and KPIs to management and stakeholders.

6. Continuous Improvement

Identify and implement best practices in should costing and cost transparency. Drive cost optimization initiatives and promote cost awareness across departments. Conduct internal training sessions on cost calculation and cost-saving methodologies.
Your profile and qualifications:

Bachelor's Degree in Mechanical Engineering, Industrial Engineering, or equivalent. 3-7 years of experience in cost engineering, should costing, value analysis, or manufacturing engineering. Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) - hands-on experience in building cost models using TCPCM is required. Strong understanding of manufacturing processes (machining, fabrication, casting, sheet metal, etc.). Solid knowledge of cost elements in materials, process times, logistics, tooling, and overheads. Proficiency in MS Excel and ERP systems (e.g., SAP). Strong analytical skills with ability to interpret cost data and present findings. Effective interpersonal and communication skills, with the ability to work cross-functionally. * Experience supporting supplier negotiations or procurement is an added advantage.